OTHER NEWS - May 7, 1992
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From Times Staff and Wire Reports
Wherehouse Entertainment to Be Acquired: The Torrance-based audio, video and software retailer said an agreement has been reached between its management and Merrill Lynch Capital Partners to jointly acquire the company in a leveraged buyout valued at $250 million. Scott Young, now president and chief executive of the Wherehouse, will also assume the duties of chairman. The deal becomes final upon completion of financing.
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